Beyon BSC BAHRAIN:BEYON:
BEYON SELECTED BY KUWAIT AUTHORITY FOR PARTNERSHIP PROJECTS (KAPP) AS WINNING INVESTOR FOR KUWAIT’S NATIONAL FIXED TELECOMMUNICATIONS NETWORK DEVELOPMENT PROJECT
KAPP WILL HOLD 60% STAKE IN THE PROJECT COMPANY
BEYON WILL RETAIN A 40% STAKE
TOTAL INVESTMENT EXCEEDING $2.8 BILLION OVER LIFETIME OF AGREEMENT
ONCE PROJECT IS FULLY OPERATIONAL, KAPP WILL IPO A PORTION OF SHARES